Interdependence With Other Key Business Functions

Interdependence With Other Key Business Functions

Finance plays a crucial role in funding extra resources.

Finance and operations

  • Finance is required for inputs, machinery, land etc. to create value whilst receiving a return on investments.
  • Operations manages stock and outsourcing whilst finance monitors the cost.

Finance and marketing

– Marketing is the way most businesses generate sales. Sales help with managing cash flow.

  • Finance establishes budgets and forecasts marketing must follow.

Finance and human resources

  • Finance provides funds for wages and HR strategies such as training and development.

Extract from Business Studies Stage 6 Syllabus. © 2010 Board of Studies NSW.